Denmark to Mandate Licensure for Game Providers
Get ready, businesses! Danish authorities are about to open the gambling market, according to Gambling Insider.
The Danish authorities are in the process of revising their certification program for companies distributing gambling products, aiming to unveil the update publicly by mid-July. Starting from January 1, companies will be able to conduct testing in the new system.
In the meantime, starting from October, the regulator is going to launch a new platform known as the Game Registry. This platform will allow companies seeking a new type of license to upload information about their product and existing certificates. Interestingly, existing certificates will remain valid even after the implementation of the new system.
Now, you might be wondering, "When exactly will the complete updated program be revealed?" Unfortunately, there's no precise info available at the moment. To get the latest and most accurate details, it's best to contact the Danish Gambling Authority (Spillemyndigheden) directly.
Let's break down the key components of Danish gambling regulations:- All operators need to obtain a license from the Danish Gambling Authority.- Operators are required to pay a 20% tax on Gross Gaming Revenue (GGR).- Player protection is a must—operators must provide responsible gambling tools and follow anti-money laundering regulations.- Only licensed operators are allowed to offer their services in Denmark.
Stay tuned for more updates on the Danish gambling market!
Author: Alina Shvets
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- The Danish gambling industry may witness a significant venture with the legalizing of gambling, as announced by Gambling Insider.
- The Danish authorities are revising their certification program for gambling companies, which aims to be transparent on the registry by mid-July.
- In the interim, a new platform called the Game Registry will be launched in October, allowing companies to upload their existing certificates for a new license.
- Fintech companies looking to dip their toes into the casino-and-gambling sector might find the newly liberalized Danish market appealing, given the legalizing of gambling and the potential for finance-related opportunities.
- Despite the upcoming legal changes, it is crucial for casino-game operators to adhere to player protection guidelines, follow anti-money laundering regulations, and secure a license from the Danish Gambling Authority to operate in Denmark.
